Insider Selling: Dollar Tree, Inc. (NASDAQ:DLTR) Director Sells $512,072.76 in Stock

Dollar Tree, Inc. (NASDAQ:DLTR) Director Thomas A. Saunders sold 7,444 shares of Dollar Tree stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $68.79, for a total transaction of $512,072.76. Following the sale, the director now directly owns 2,390,881 shares in the company, valued at approximately $164,468,703.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 70.89 on Monday. The company has a 50-day moving average of $71.24 and a 200 day moving average of $76.24. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of 19.42 and a beta of 0.68. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $99.93.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, May 25th. The company reported $0.98 EPS for the quarter, hitting analysts’ consensus estimates of $0.98. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. Equities research analysts forecast that Dollar Tree, Inc. will post $4.45 earnings per share for the current fiscal year.

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Several equities research analysts have issued reports on DLTR shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 target price on shares of Dollar Tree in a research note on Thursday, April 6th. Royal Bank Of Canada set a $95.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Monday, April 3rd. BMO Capital Markets set a $88.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a research note on Friday, May 26th. Atlantic Securities raised shares of Dollar Tree from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 4th. They noted that the move was a valuation call. Finally, Johnson Rice raised shares of Dollar Tree from an “accumulate” rating to a “buy” rating in a research note on Monday, April 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $87.57.

Several large investors have recently made changes to their positions in the stock. Meristem LLP increased its stake in shares of Dollar Tree by 0.3% in the first quarter. Meristem LLP now owns 4,520 shares of the company’s stock valued at $355,000 after buying an additional 14 shares during the last quarter. IFC Holdings Incorporated FL increased its stake in shares of Dollar Tree by 0.3% in the first quarter. IFC Holdings Incorporated FL now owns 4,797 shares of the company’s stock valued at $377,000 after buying an additional 15 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Dollar Tree by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 6,621 shares of the company’s stock valued at $519,000 after buying an additional 35 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock valued at $125,000 after buying an additional 48 shares during the last quarter. Finally, Mirador Capital Partners LP increased its stake in shares of Dollar Tree by 1.5% in the first quarter. Mirador Capital Partners LP now owns 3,731 shares of the company’s stock valued at $293,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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